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BRSP — BrightSpire Capital News Story

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Brightspire Capital Inc reports results for the quarter ended June 30 - Earnings Summary

Brightspire Capital Inc BRSP.N reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 22 cents.  The mean expectation of seven analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 15 cents to 17 cents per share.

Revenue fell 33.8% to $16.73 million from a year ago; analysts expected $16.79 million.

Brightspire Capital Inc's reported EPS for the quarter was a loss of 19 cents​.

The company reported a quarterly loss of $23.12 million.

Brightspire Capital Inc shares had fallen by 1.4% this quarter and lost 11.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is  "buy."

Wall Street's median 12-month price target for Brightspire Capital Inc is $6.50, about 23.4% above its last closing price of $4.98

This summary was machine generated from LSEG data July 30 at 04:12 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.160.18Beat
Mar. 31 20250.160.16Met
Dec. 31 20240.180.18Met
Sep. 30 20240.200.21Beat

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